Intuit Inc. (NASDAQ:INTU) Announces Quarterly Dividend of $1.20

Key Points

• Intuit Inc. has announced a quarterly dividend of $1.20 per share, a 15.4% increase from the previous dividend of $1.04, with an ex-dividend date set for October 9th.
• Intuit reported earnings of $2.75 per share for the last quarter, surpassing estimates, and saw a year-over-year revenue increase of 20.3%, totaling $3.83 billion.
• Institutional investors are actively adjusting their stakes in Intuit, with significant increases from firms like Invesco Ltd. and Charles Schwab Investment Management Inc.

Intuit Inc. (NASDAQ:INTU - Get Free Report) announced a quarterly dividend on Monday, August 25th, Wall Street Journal reports. Investors of record on Thursday, October 9th will be given a dividend of 1.20 per share by the software maker on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. This is a 15.4% increase from Intuit's previous quarterly dividend of $1.04.

Intuit has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Intuit to earn $16.04 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 25.9%.

Intuit Price Performance

NASDAQ INTU traded down $5.70 during mid-day trading on Monday, hitting $656.96. The stock had a trading volume of 2,156,592 shares, compared to its average volume of 1,810,976. Intuit has a 52-week low of $532.65 and a 52-week high of $813.70. The company has a market cap of $183.26 billion, a price-to-earnings ratio of 47.81, a P/E/G ratio of 2.55 and a beta of 1.28. The company has a 50 day simple moving average of $757.08 and a 200 day simple moving average of $675.53. The company has a quick ratio of 1.45, a current ratio of 1.36 and a debt-to-equity ratio of 0.30.

Intuit (NASDAQ:INTU - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Intuit had a return on equity of 22.72% and a net margin of 20.55%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business posted $1.99 EPS. Intuit's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Equities analysts forecast that Intuit will post 14.09 EPS for the current fiscal year.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 2,591 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total transaction of $2,026,732.02. Following the completion of the sale, the chief financial officer owned 768 shares of the company's stock, valued at approximately $600,744.96. The trade was a 77.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark P. Notarainni sold 1,147 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $773.90, for a total value of $887,663.30. Following the sale, the executive vice president directly owned 19 shares of the company's stock, valued at approximately $14,704.10. This trade represents a 98.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 279,800 shares of company stock valued at $209,725,054 in the last 90 days. 2.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Intuit by 1.2% in the first quarter. Invesco Ltd. now owns 3,078,686 shares of the software maker's stock worth $1,890,282,000 after buying an additional 36,513 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Intuit by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,841,590 shares of the software maker's stock worth $1,130,718,000 after buying an additional 82,419 shares during the period. Pinnacle Financial Partners Inc boosted its position in shares of Intuit by 3.6% in the first quarter. Pinnacle Financial Partners Inc now owns 17,789 shares of the software maker's stock worth $10,922,000 after buying an additional 623 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in shares of Intuit in the fourth quarter worth about $109,988,000. Finally, Malaga Cove Capital LLC boosted its position in shares of Intuit by 110.6% in the first quarter. Malaga Cove Capital LLC now owns 874 shares of the software maker's stock worth $537,000 after buying an additional 459 shares during the period. Hedge funds and other institutional investors own 83.66% of the company's stock.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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